Monday, March 18, 2013

The Great Depression : Hoover

Herbert Hoover, a Republican president in the beginning of the Great Depression, was ineffective in his response because his ideas for getting people financially back on track did not work. For example, he raised prices of crops to help the farmers raise more money.This did not help the economy, nor did the Reconstruction Finance Corporation, since it only benefitted large corporations.

Farmers burned their corn, wheat and dumped their milk on highways rather than sell it for a loss. Some farmers refused to work their fields. They even blocked roads to prevent food from getting to the market so that the food shortages would raise the prices. During that time the farmers had used force to prevent foreclosure.
    Other people like the ones in the Bonus Army marched up their and demanded for their money. The Bonus Army consisted of World War I veterans and their families.

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